Motorola Solutions Is Said to Near $4.5 Billion Deal for Silvus

Motorola Solutions Inc. is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, according to people familiar with the matter.

The companies could announce a deal within weeks, the people said, asking not to be identified because the information is private.

A final agreement hasn’t been reached and talks with Motorola could still end without one, the people said. Representatives for Motorola and TJC declined to comment.

Silvus, which is owned by private equity firm TJC, has been exploring options including a potential sale or initial public offering, Bloomberg News reported in January. Mid-market ...